DFM ---ADX ---
4hUAE Non-Oil Economy Poised for Robust Recovery by 2027Business
5hNew Fee Exemptions Boost Innovation for UAE Student Inventors and People of DeterminationBusiness
6hAI Impact: UAE and Jordan Lead Middle East in Job ExposureBusiness
6hEtihad Airways Halts Abu Dhabi–Riyadh Flights Amid Ongoing Airport DisruptionBusiness
6hIMF Advises Pakistan on Economic Reforms and Subsidy Phase-outBusiness
18hSaudi Arabia Halts Riyadh Airport Operations Following Fresh AttackBusiness
1dThe Truth Behind the Flydubai Cockpit Security BreachBusiness
1dUS Congressman Honors Heroic Pilot Smit Machchhar for Averting DisasterBusiness
1dUAE’s Future 100 Initiative Fuels Startup Growth with $100 Million InvestmentBusiness
2dEtihad Airways Disruption: Flights Between Abu Dhabi and Riyadh GroundedBusiness
2dADGM Fines Audit Firm and Principal $100,000 for Professional FailuresBusiness
2dTaaleem’s Profits Dip Amid Aggressive Expansion StrategyBusiness
2dUAE Flight Disruptions: Key Cancellations and Delays to MonitorBusiness
2dUAE Solidifies Its Standing as a World-Class Culinary DestinationBusiness
2dUAE Airlines Adjust Schedules Following Riyadh Airport Security IncidentBusiness
2dUAE and Thailand Finalize Landmark Economic Partnership AgreementBusiness
2dUK Airports Launch Contactless Facial Recognition for Faster Border EntryBusiness
2dAir India and Air India Express Increase Fuel Surcharges on Middle East RoutesBusiness
2dGen Z in the UAE: Prioritising Shared Experiences Over Material GoodsBusiness
2dUAE Travelers Gear Up for Major Getaways in 2027Business
2dUAE Investors Diversify Portfolios as Global Appetite GrowsBusiness
2dDP World Inks 15-Year Deal to Manage Key Bangladesh Container TerminalBusiness
2dAmazon Trims Workforce in Retail Division Amid Prime Big Deal DaysBusiness
2dHow Dirham-Backed Stablecoins Could Solidify the UAE’s Financial InfluenceBusiness
2dUAE’s M&A Market Shifts Toward Strategic Caution and Creative Deal-MakingBusiness

AD Ports Group Board Endorses ADQ’s Dh6.25 Takeover Bid

Thu, Aug 27, 2026(45d ago)Business

The board of directors at Abu Dhabi Ports Group has officially advised shareholders to accept a cash buyout offer from ADQ, which aims to acquire all remaining shares of the logistics giant. This decision follows a thorough review by HSBC Bank Middle East, the company's independent financial advisor, which determined that the Dh6.25 per share price represents a fair valuation for investors. With the formal backing of the board, the proposal marks a major move toward bringing the company under the full ownership of Abu Dhabi’s sovereign investment framework.

ADQ, acting through its investment entity L’IMAD, currently holds roughly 75.42% of the company and is looking to secure the remaining 24.58% of outstanding shares. Shareholders have until September 15 to decide on the offer, which is based on an extensive analysis of market data, historical performance, and future cash flow projections. Since its public debut in 2022, AD Ports has become a cornerstone of the UAE’s global trade strategy, and this transition is expected to further solidify the emirate's status as a premier logistics and maritime hub.

Comments0
No comments yet. Be the first to share your thoughts.